Woodside Fund Invests In CPlane, a Leading Provider of Service Control and Provisioning Systems For Next-gen Carriers

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January 24, 2001

Woodside Fund Invests In CPlane, a Leading Provider of Service Control and Provisioning Systems For Next-gen Carriers

Redwood Shores, CA -- Woodside Fund has invested $5 million in CPlane, Inc., a leading provider of service control and provisioning systems for next generation telecommunications carrier networks. Woodside Fund’s investment is part of a $25 million Series C round led by Pequot Capital Management. Other investors in this round include Amerindo Investments and prior investors ONSET Ventures and CMEA Ventures.

CPlane offers carriers and service providers a new control framework through which they can deliver and profitably operate an increasingly large and complex network. CPlane’s telecommunications carrier service and control software platform unlocks new revenue from a multi-vendor, multi-technology network with a unified, distributed framework, which allows constant innovation in the network. It offers distributed, real-time control of network resources, is technology independent, works with any vendor’s equipment, and is not integrated within the network element.

Woodside Fund Partner Daniel H. Ahn states, “Woodside Fund believes in CPlane’s fundamentally new vision and approach to network control and service deployment.” Adds Ahn, “We are pleased to be working closely with CPlane’s talented and creative management team in providing a solution to a major service provider need -- a superior means to optimize and leverage the resources of the network.”

Nelu Mihai, President and CEO of CPlane remarked, “We are very pleased to have Woodside Fund as an investment partner. They understand our industry and will add great value to our company. This round of funding will help us accelerate the delivery of our products to market, and expand the company’s engineering and marketing teams.” Founded in 1998, CPlane is based in Los Altos, California with Canadian offices in Ottawa and Montreal.

About Woodside Fund

Founded in 1983, Woodside Fund has one of the longest and strongest track records of success in early stage venture capital investing. All Woodside Funds have performed in the upper quartile of the industry for venture capital partnerships formed in their respective years. Woodside Fund's latest partnership, Woodside Fund IV, which had its final close in April, invests between $5 and $10 million in early stage ventures in Internet and electronic commerce, computer software, telecommunications, and networking, located in Northern and Central California. The Fund serves as the lead or co-lead investor in most of its portfolio companies.

About CPlane, Inc.

Founded in 1998, CPlane is the leading provider of network control services software products for optical and next generation networks. Its Service Control Platform (SCP) enables service providers the ability to deliver IP and optical networks that can support differentiated, billable, premium services with robust service level agreements. CPlane's SCP can also dynamically adapt to changing network conditions and user requirements.
CPlane's SCP forms a distributed, real-time control layer on top of network elements from multiple vendors, complementing the capabilities of the network with a sophisticated, service-aware control layer that orchestrates the delivery of a service, end-to-end.

www.woodsidefund.com
www.cplane.com